The Federal Reserve’s easy money is the lifeblood of the 21st century American Empire.
As is revealed day after day after day, you can’t build the Empire and drain the Swamp at the same time. The Swamp is the Empire. And it’s the reason the Donald is being steadily undone.
Look no further than the trillion-dollar military-industrial-surveillance-international aid complex. That’s what feeds the contractors, “specialists,” spooks, think-tankers, lobbyists, lawyers, and all-purpose grifters who’ve turned the District of Columbia into Imperial Washington.
For these courtesans, missions are always creeping. Threats are always inflating. There’s always a foreign adversary – sometimes even domestic – worth demonizing.
Their narratives – along with our monetary central planners – sustain an unseemly, ill-gotten, and treacherous prosperity.
And the gravy train’s been growing like topsy under the Donald.
The tab for defense, security assistance, foreign aid, international affairs, and the residue of the Warfare State complex will run to about $792 billion in fiscal 2020. That’s up $150 billion, or 23%, from the already vastly bloated $641.7 billion we spent just five years ago in fiscal 2015.
But that gravy train’s been running since well before the Tweeter-in-Chief rolled into town.